APRIL 2018 UPDATE–See this link.
May 2016-Greenwood Village, Colorado
According to FINRA records, Joseph I. Yanofsky, a broker who has been registered with FIrst Financial Equity Corp, since 6/2015 , discloses a pending customer dispute, a termination and 7 prior customer disputes that are final.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Prior to joining First Financial Equity Corp. , Yanofsky was registered with Merrill Lynch from 2/1990-5/2015. In connection with his discharge from Merrill Lynch in 5/2015, Merrill made the following allegations:
“allegations relating to exercising discretion in non-discretionary accounts, providing inaccurate responses to related internal compliance questionnaires, directing an employee to enter trades utilizing another employee’s user identification and password and failing to report a customer complaint on a timely basis”
In pending FINRA Case 15-2143, a Merrill Lynch customer alleges unsuitable recommendations and misrepresentations from 2012 to 2015 and seeks damages of $400,000.
If you have losses in an account handled by Joseph I. Yanofsky you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900